🔍 Technical Analysis of SHIB$SHIB

(Based on the current price 0.00001297 – Update June 2025)

✅ General Trend:

On the hourly timeframe: the trend is short-term bullish, with the price above moving averages like MA 20 and MA 50.

On the 4-hour timeframe: we notice a breakout of previous resistances, which may indicate a continuation of the upward trend provided that the nearby support is not broken.

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📊 Important Levels:

Type Level Notes

Strong Support 1 0.00001250 Confirmed previous bottom support

Strong Support 2 0.00001220 In case the first support is broken

Resistance 1 0.00001320 Current nearby resistance

Resistance 2 0.00001370 Previous peak – potential target if momentum continues

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📈 Technical Indicators:

RSI (14): around 65 → in the positive zone, but close to overbought.

MACD: shows a positive crossover → supports the upward trend.

Trading Volume: relatively high → indicates current buying interest.

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💡 Scalping Recommendation (not financial advice):

If you are looking for a quick entry:

Buy Trade (Scalp):

Entry: 0.00001290 - 0.00001297

Quick Target: 0.00001320

Stop Loss: 0.00001270

Sell Trade (Counter Trend):

Entry: 0.00001320 (if the price rejects)

Target: 0.00001290

Stop Loss: 0.00001335